Daily Deal Activity 12/13/12
December 20, 2012 Leave a comment
Software-defined networking startup Contrail Networks, has agreed to be acquired by network infrastructure company Juniper Networks, in a $176 million cash-and-stock deal. Contrail Networks is less than a year old and had raised $10 million from Khosla Ventures in July. Contrail was developing software-defined networking technology for data centers, which some observers have seen as a potential threat to the traditional routers and switches made by Juniper. The deal is expected to close before the end of the year and marks the third software-defined networking transaction this year, with VMware buying Nicira in July for $1.3 billion, and Brocade Communications Systems acquiring Vyatta.
Dubai-based mobile game cloud services provider Game Minion, has been acquired by Corona Labs, a cross-platform mobile app development platform provider. Corona recently raised $2 million in a round from Merus Capital and Western Technology Investment. The purchase brings engineering talent to Corona Labs along with a new product offering, to be rebranded as Corona Cloud. Terms of the deal were not disclosed.
Localmind, a startup that allows users to post questions about specific locations, has been acquired by house rental marketplace operator Airbnb. The purchase includes Localmind’s three-person team and technology. Terms of the deal were not disclosed. Prior to the acquisition, Localmind raised a total of $0.65 million in funding from Year One Labs, Granite Ventures, iNovia Capital, Real Ventures, and others.
Audiogalaxy, a startup allowing users to store their music files and playlists in the cloud then stream them to any device, was acquired for an undisclosed amount by Dropbox. The company originally offered a peer-to-peer client software solution, worked on Warner Music’s failed Choruss venture, then, in 2010, relaunched as an online music player. Terms were not disclosed.
Easilydo, which offers a to-do list mobile app, raised $4.3 million in funding from U.S. Venture Partners and Mayfield Fund. The company initially tested the product with a Canadian release, and has just launched in the U.S.
Offerpop, a provider of social marketing application for retailers and brands, raised $2.5 million in Series B funding from Bulger Capital Partners, with participation from existing investors. company initially raised $3.2 million in Series B funding in September from Windcrest Partners and other investors, including CommonAngels and Mesco. The round brings the total funding raised by the company to $9.5 million.
SpotHero, which offers a mobile app and Website that allows drivers to reserve parking spots, raised $2.5 million in a funding round led by Battery Ventures, 500 Startups, e.Ventures, OCA Ventures, New World Ventures, and Lightbank also participated. SpotHero began operating earlier this year and has already brought over $2 million worth of parking revenue to some of the largest national parking operators.
Speek, a provider of a conference-call service, has secured a $1.2 million round in seed funding led by several early-stage venture funds. The company’s free visual conference service that uses a personalized URL instead of a phone number and PIN for conference calls.
Transcriptic, an eight-month-old company offering cloud-based software to automate various operations at small laboratories, raised $1.2 million in funding from a total of 70 investors. The funding was joined by Google Ventures, FF Angel, and individuals. The company’s first product is software to help with ongoing work in molecular cloning.